Reserve Bank of India

Fintech / Regtech

RBI to Launch Public Cloud for Financial Services Industry

By Editors | 19/11/2024

The RBI programme will use only local IT firms to offer cloud data storage to financial firms at affordable prices.

Capital / Liquidity

RBI Releases 2024 List of Domestic Systemically Important Banks

By Nithya Subramanian | 14/11/2024

SBI, HDFC, and ICICI remain India’s three D-SIBs. SBI and HDFC have to meet a higher CET1 requirement from April 2025.

Securities / Derivatives

RBI Expands Trade Reporting Requirements to Include FX Spot Deals

By Editors | 12/11/2024

The new reporting requirements are aimed at ensuring the RBI has a more complete view of the FX market for monitoring and regulatory purposes.

Market Infrastructure

RBI Issues Framework for Reclassifying FPI Investment as FDI

By Editors | 11/11/2024

The framework sets out a process for FPIs that breach the 10% ownership limit and wish to convert their stakes in Indian companies to FDI.

ESG / Sustainability

RBI Expands Sovereign Green Bond Access for Non-resident Investors

By Nithya Subramanian | 09/11/2024

The RBI added 10-year SGrBs issued in the second half of the fiscal 2024-25 as ‘specified securities’ under the Fully Accessible Route.

Capital / Liquidity

UPDATED – New Margin Rules for OTC Derivatives Take Effect in India

By Editors | 08/11/2024

Only the VM rules have taken effect on schedule. The effective date for the IM rules has been extended to 1 April 2025.

Fintech / Regtech

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

Securities / Derivatives

RBI Updates Requirements for CCPs on Governance Arrangements

By Editors | 31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

Securities / Derivatives

French, German Banks to Extend Dealings With Indian CCPs

By Editors | 31/10/2024

At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.